Corporate Scandals
They had intentionally programmed turbocharged direct injection (TDI) diesel engines to activate their emissions controls only during laboratory emissions testing which caused the vehicles' NO output to meet US standards during regulatory testing, but emit up to 40 times more NO in real-world driving.
Volkswagen
Cash
Assets, Debit
Don't haul on the rope, don't climb up the mast
If you see a sailing ship it might be your last
Just get your civies ready for another run ashore
A sailor ain't a sailor, ain't a sailor any more
A place that provides accommodations, dining and other services to guests
Hotel
With the help of a black panther, this sloth bear takes on the role of teacher and must educate a young orphaned boy in a popular Disney story. Who is it?
Baloo
Tricked investors out of $64.8 billion through the largest Ponzi scheme in history. Investors were paid returns out of their own money or that of other investors rather than from profits.
Bernard L. Madoff Investment Securities LLC
Allowance for Doubtful Accounts
Contra Asset, Credit
Well me father often told me when I was just a lad
A sailor's life was very hard, the food was always bad
But now I've joined the navy, I'm aboard a man-o-war
And now I've found a sailor ain't a sailor any more
An image created by applying light to a sensitive surface
Photo
The 2015, animated hit TV show, “We Bare Bares,” features three Bears who attempt to integrate with human society. These attempts see the bears struggle to do so due to the civilized nature of humans and their own animal instincts. However, in the end, they figure out that they have each other for support.
What kind of bears are they?
Grizzly, Panda, and Polar Bear
Through the use of accounting loopholes, special purpose entities, and poor financial reporting - it was able to hide billions of dollars in debt from failed deals and projects. It misled the board of directors and audit committee on high-risk accounting practices and pressured its auditor (one of the big 5 public accounting firms) to ignore the issues. This led to the dissolution of both the company and its auditor.
Double points for JJ or James if can name both company and public accounting firm. Christina is not eligible for bonus but must name both.
Enron / Arthur Andersen
Unearned Revenue
Liability, Credit
Well the killock of our mess he says we've had it soft
It wasn't like this in his day when he was up aloft
We like our bunks and sleeping bags, but what's a hammock for?
Swinging from the deckhead, or lying on the floor?
Shotgun
For many years, scientists thought it wasn’t a bear at all. They thought it was related to the raccoon. But using DNA evidence, they proved it was actually a bear.
Giant Panda
A controversy brought about by the creation of millions of fraudulent savings and checking accounts on behalf of Their clients without their consent.
Wells Fargo
Prepaid Insurance Expense
Asset, Debit
Two cans of beer a day and that's your bleeding lot
Now we get an extra one because they've stopped the tot
So we'll put on our civvy clothes and find a pub ashore
A sailor's still a sailor just like he was before
A person suffering from a severe mental disorder in which thought and emotions are so impaired that contact is lost with external reality.
Psychotic
The only bear that is a carnivore. All others are technically omnivores.
Polar Bear
This scandal resulted in the largest Chapter 11 bankruptcy filing in US Corporate History ($600 billion in bankruptcy trust). The bank and financial services firm had become so deeply involved in mortgage origination that it had effectively become a real estate hedge funddisguised as an investment bank. At the height of the subprime mortgage crisis, it was exceptionally vulnerable to any downturn in real estate values.
Lehman Bros
Accrued Salaries
Liability, Credit
Stella Ella Olla Slap Jack Slap Jack
___ ___ ___ ___ ___ ___ ___
Go Slow Go Slow Go Slow 1-2-3-4-5!
*Pittsburgh Version Only
Ess Chika Chika Chika Chika Slap Jack
a division or contrast between two things that are or are represented as being opposed or entirely different
Dichotomy
The only species of bear that scientists believe share a significant amount of DNA with certain species of otters and wolves
Gay Bear